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right back. the tax man and ways and means committee chairman dave camp. congressman mike turner joins us next. ceo and chairman richard smith joins us tonight. mine was earned in korea in 1953. afghanistan, in 209. orbiting the moon in 1971. [ male anuncer ] once it's earned, us auto insurance is often handed down from generation generaton. because it offers a superior evel of protecon. and because usaa'commitment to serve current and former military members andheir families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to see. coach calls her a team player. she's ind of special. she makes the whole team better. he's the kind of player that puts the puck, horsehide, bullet. right where it needs to be. coach calls itogistics. he's a great passer. dependable. a winning team has to have one. somebody you can count on. somebody like my dad. this is my dad. somebody like my mom. my grandfather. i'm very pround of him. them. which will cause me to miss the end of the game. the x1 entertainment operating system lets your watch live tv anywhere
right back. the tax man and ways and means committee chairm ave camp. congressman mike turnejoins us next. ceo and chairman richard smith oins us lou: on wall street, stocks were modestly higher. the s&p up, the nasdaq was four. crude oil is up 76 cents in gold prices down $15 settling at $13.28. the ten-year down 2.67%, staying within a very stable range. target shares up 7%. retailerand its data brch, costing 61 millionand could extend also. and carl ichan being blamed for dysfunctional leadership in a new letter to shareholders. has he overstepped? some would say perhap yes. we will find out. be sure to listen to my financial reports the three times a day on thee aol radio network for all of the biggest market and business news. chairman dave camp revealing his proposal that the republican leadership is trying to downplay d distance themselves from that pla. congressman mike turner is a member of the house oversight and armed rvices committee. as indiscreet have youith us. when we start with tax reforms. >> he has worked very diligently to put this together. we need to make sure t
too much, borrows too much, and taxes too much. it reflects says america's priorities to create jobs, strengthen the middle class, and build an economy that creates opportunity for all. went to theell floor yesterday and talked about the president's budget proposal. he said it is not a serious document. [video clip] >> it will probably never past the democratic led senate. in some sense, that is the point. rather than put together a constructive blueprint both parties could use to get the economy moving, the president is opting for the political stunt for a budget that is more about andng up the base in election-year. it would increase taxes by over $1 trillion in the worst economic slowdown anyone can remember. it would explode spending by $790 billion, forcing us to borrow more money. it would do almost nothing to threatsthe serious facing our children's futures and does not come close to balancing this year. mitch mcconnell talking about the 2015 budget proposal. congress will take up budget proposals and will decide what gets spent. "the washington post" tweeted this -- it would
construction jobs. the federal gas tax has been capped around 17 cents a gallon. drivers from the northeast to the midwest don't need a reminder how bad our roads can be. the drivers $6.5 billion. jonathan, how about those potholes, do you have a view on that? >> i like to avoid them. >> i'm anti-potholes, too. >> that's all the time we have. it was nice having you on. >> thank you, ari, i appreciate it. >> $300 billion over four years. put aside the skepticism about getting anything done in washington. walk us through you there at the white house what you know about this and the plan. >> well, i think what you've got is the president again trying to get congress, trying to get the government to invest in infrastructu infrastructure. this is something he's been trying to do for several years. not just invest in it, invest in it ahead of time so as anthony fox, the transportation secretary said earlier today, you don't continue to put band aids on for the nation's highways and other infrastructure. that's what we've been doing to borrow a term for the show. there's been a cycle
-murray, it is paid for with spending cut and tax reforms. it is deficit neutral. supporting what the president said in the state of the union, there is a series of programs to create jobs. it lays out $302 billion infrastructure proposal that is paid for with pro-growth tax. it strengthens the manufacture base and supports groundbreaking research to fight disease, protect the environment and develop new technology. it enhances the administration's management efforts to deliver a government that is more efficient and supportive of economic growth. and it will expand opportunity for all-americans. it doubles the maximum value of the earned income tax credit to encourage people to enter the workforce. and makes high quality preschool available to every four year old. and drive workforce training. it will focus on the primary drivers of long term debt and deficits. it builds on the forms of the affordable care act and continues to slow health care cost growth while improving the quality. it will curb tax breaks that benefit the wealthiest. it calls for pro-growth immigration reform. the deficit has bee
tax revenues from aliens hidden overseas. i don't buy their narrative. the american people shouldn't darsha the department of justice mr. cole. i ask you to keep in mind in use already available legal tools at your disposal rather than relying upon the treaty process. so i guess my first question mr. cole is niche or even if the senate ratifies the 2009 protocol to amend the convention between our two countries for the avoidance of double taxation the justice department will be no closer to obtaining information from noncompliant bank accounts close prior to 2009? >> senator that's true. the 2009 treaty only applies to matters and situations after the september 2009 time that it was put into place. >> so basically never certainly in the way we are urging information about noncompliant tank accounts that were close prior to 2009. >> i don't think that's necessarily the case. >> how do you do that then? >> the program we have is going to require that hanks even prior to 2009 go back into 2008 and provide us with the information about accounts that will enable us to make much more eff
-cnging ideas, dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay noaxes for 10 yea. with new js, new opportunities and a new tax free plan. there's only one way for your business to go. up. find o if your business can qualify at start-upny.com ask what it's like to get your best night's sleep every night. [announcer] why not talk to someone who's sleeping on the most highly rommended bed in america? ask me about my tempur-pedic. ask me how fast i fall asleep. ask me about sying temasleep.ic. [than owners of any traditional armattress brand.d tempur-pedic. the most highly recommended bed in america. now sleep cooler with extra oling comfort on our bestselling tempur-breeze beds. visit tempurpedic.com to learn more, and find a retailer near you. nrun your entntire business with all-new inquickbooks.ooks. get paid however you want with it get real work done wherever with it. say "buh-bye" to the old wayw. run payroll with your fier with it. sync this stuff with that stuff and that stuff, with it. maintain your sanity with quickbooks.
care. irs telling people they will face shared responsibility tax. melissa francis is here to talk about all of. that how are you. good day to you. what is the warning from the white house? >> they want you to know when you file your tax return next year they will look back at this year starting in january and wanting to make sure that everyone has had insurance every month and if not, you are going to face a penalty when you file your tax return. and you think you are safe, there is a lot of confusion and didn't have insurance, they want you to know that you will face a penalty for the january month that went by? >> what is the penalty. one percent of the house hold or 95 per dult plus 47.50 up to $285. which ever is higher that is going to pay. over time it is going up to 2.5 percent of the adjusted gross income or 2085 which is higher? >> and some people call it a tax. no, no. it is not a nice word. you don't like tax. it is shared responsibility payment. it is your responsibility and mine and theires is going to help you share your dollars with the rest of the country. so now t
spent over $1.5 trillion which averages out to about $11.2 million tax dollars paid every hour by the american people. in today's national paper, the "usa today," and other headlines, the headline is this, "obama to karzai: time running out for security deal." madam speaker, based on recent polls this would be good news to the american people if we would not continue this relationship with afghanistan. it is nothing but an absolute waste of the taxpayers' money and the american people are sick and tired of it. a recent poll last week by gallup showed that almost 50% of the american people believe that the war in afghanistan was a mistake to start with. i can honestly say this. if it was not a mistake to start with, it's a mistake now that we continue to support and spend money on a corrupt leader named karzai. mr. speaker -- madam speaker, as i listen to the secretary of defense, chuck hagel, yesterday talk about the financial pressure on our military and the budget that he will be supporting that mr. obama has proposed, i wonder why we in congress are not allowed to debate on
. reagan was really the total, complete conservative. not just conservative on, you know, some issues, tax cuts and so forth, but on both social and economic issues. all right. so as ashley said, in this book i lay out 11 principles of reagan conservativism, and i don't know how i came up with 11 other than i just laid out these principles, and i stopped and counted, and there were 11. some people said, well, you should do ten. make it like the ten commandments -- well, i'd have to combine them. there aren't ten, there's 11. well, 12, 11 is an odd number. this is what i got. i got 11, and i don't want to combine any of them, so i've got 11 principles. all right, so here they are, and there will be a quiz at the end of this. [laughter] so make sure you take notes quick. actually, you have a cheat sheet in the book, right? and on c-span you've got a dvr, so you can rewind it. but i'll rattle them off quick. freedom, faith, family, sanctity and dignity of human life, american exceptionalism, the founders' wisdom and vision, lower taxes, limited government, peace through strength, anticommunis
we'll dig into the president's budget. he's proposing new tax cuts to help with child care costs and support low-income workers. we'll talk to the top house democrat on the budget, congressman chris van hollen, right after the break. but it's our job to find them. the answers. the solutions. the innovations. all waiting to help us build something better. something more amazing. a safer, cleaner, brighter future. at boeing, that's what building something better is all about. ♪ at boeing, that's what building somthoughtful combinations,ut. artfully prepared. fancy feast elegant medleys. inspired dishes like primavera, florentine and tuscany. fancy feast. a medley of love, served daily. yeah? then how'd i get this... [ voice of dennis ] ...safe driving bonus check? every six months without an accident, allstate sends a check. silence. are you in good hands? bulldog: bulldog: [yawn] i just had a dream i was at mattress discounters with tempur-pedic and the largest selection of memory foam mattresses under one roof! icomfort, by serta... optimum, by posturepedic... ahh! comforpedic,
in the targeting of conservative groups seeking tax exempt status. this after the inspector general found 298 applications had been singled out for special review including 100% of groups with tea party or patriot in their name, but only 30% of groups with progress or progressive. now republican congressman darrell issa, chair of the powerful house oversight committee wantslern s lerner to testify again wednesday. chairman issa, welcome back. >> thanks for covering what we believe is going to be a good fact finding hearing. >> well, let's talk about that. because when you recalled lois lerner under subpoena to testify again this coming wednesday, her lawyers said you you can call her, but she won't testify or answer any questions, continue to at that time fifttaat that t. >> her attorney indicates how that she will testify. we've been back and forth negotiation. wi believe the evidence we've gathered causes her in her best interests to testify. >> so lowislerner who took the fifth last may will testify before your committee? >> according to her attorney. >> this will be on wednesday? >> it wi
argued that the task code -- tax code is riddled with complicate loopholes that make it harder to invest here and encourage companies to keep profits abroad. last summer i offered a proposed -- proposal to couple business tax reform with critical investments in infrastructure. this budget includes that proposal using the transition revenue that will result from a shift to a simpler, more efficient tax code to create rebounding -- jobs rebounding, our roads and bridges and unclogging our communities. because in today's global conomy, first class jobs dwravetate to first class infrastructure -- gravitate to first class infrastructure and at times this budget lays out how mied a strailings will continue to act it cut red tape and stream line the permitting process for key projects so we can get more construction workers on the jobs as fast as possible. also have the chance right now to beat other countries in the race for the next wave of high-tech manufacturing jobs. my administration has already launched four hubs of high-tech manufacturing where we connect to businesses to research unive
negatively impacted taxes imposed upon one of its most dynamic job creators, the medical device industry. how ironic that you go to talk about creating jobs and economic growth, at the same time a proposal, a provision that was incorporated in the so-called affordable care act imposed a -- an egregious excise tax on not the profits but on the sales receipts of medical device companies simply as a pay-for for the obamacare act. as i said, indiana and minnesota, are home to many of the country's largest medical device manufacturers. in fact, my state of indiana exported more than $9.7 billion in life science products, including medical devices, and is second in the country, only to california, in terms of exports of life science products. so it's very important to our state and we have over 300 f.d.a. registered medical device manufacturers. some of them large, some of them small. they employ 20,000 hoosiers directly with an indirect support by nearly 30,000 more. so it's not a small thing for our state. it's one of the, pardon the pun, cutting-edge industries producing devices that improve the
helping hand. we take a look at trentham on the life in china. high taxes the magazine published a global pact misery index in two thousand and three china the country. i applied for in the world. with the chinese government's right to defend the continuing debate topic twenty percent of the report recently the chinese academy of sciences published report about china's appetite for per capita. the black theater the chinese to think wellpoint i truly feel that it wasn't until the new colors. that number by the cooked to one point three billy to people and each time he didn't have to think about the rent. the government six hundred us dollars in taxes and teacher. in an isolated organization. based on their average income of chinese did it and get down to one hundred per couple. the tape was that people will go to that. something that the chinese government is reluctant to admit it. now the people know it. when polls are open to replace the tax burden. and with that the article pointed out into the boot button. the chinese government. the dublin thousand us dollars the number of developed
for the tax rates to pay for that. most definitely. caller: our roads are awful. we have a lot of state roads. repair work would really help. where else do you see jobs available besides infrastructure spending? where else do you think the government can help create jobs? caller: i think in the technology,system, private sector. help bringons would about income to a level of being able to take care of your family, cover your living expenses. if that was not for unions, we would not be able to watch you on television right now. so they can rip off citizens and keep low wages and make big profits. thank you. calling in from philadelphia, pennsylvania. fish and sam says the president's budget should be how not to spend others money. also, dean writes in, too bad the gop will kill his budget. are they totally heartless? commentspage, several on that. allen writes in on her thoughts on the president's budget plan. she says stop messing around with other people's lives. we will continue to bring you comments. we want to hear you on the phone. the phone lines are open. ruben in philly on the line fo
, and the highway bill. not on the list is the legislative dream of both parties, tax reform. the republican version will be officially unveiled tomorrow by the chairman of the house ways and means committee, but the leaders of both parties in the senate held out no hope for getting tax reform done this year. joining me now is msnbc policy ammi analyst ezra klein and david corn, washington bureau chief for mother jones. it looked to me like john boehner had exactly one thing on his mind when he left the white house. i've got to go out on the house floor and prove to my fellow republicans that i am still one of them, even though i was in the room with that guy for about an hour. >> i thought you were going to say golf. i'm glad the guys are talking, but i think we've come to really complete paralysis here in washington. and not surprisingly, i kblam the republicans for much of that. whether it's immigration reform, tax reform, here's some of the things of substance. both parties now are figuring out what to do in terms of having something to talk about for the midterm elections this coming november.
on sale on amazon. they will need to pay taxes on the wealth, likely a million. but they don't want to change their lifestyle and will donate to charity and keep a few coins as keepsakes. >> good for them. that is a great story. don't you want to know the background of who actually put those coins in those canisters and hid them? i wonder why. it would be interesting if they go figure it out. >> it is big mystery >> i'm going to go home and dig up the backyard. >> you never know what you wofi will find. >> new action in the irs profiling scandal. who the lawmakers are hearing from now. plus, president obama with his on the economy taking his job push on the road. and we will talk to senator john thune about it all. thune about it all. that allows you to eat all that you can. filled with water. and the best dot com for booking hotels, is hotels.com. it's on the internet, but you probably knew that. or maybe not, i don't really know you. bellman: welcome back, captain obvious. captain obvious: yes i am. all those words are spelled correctly. jenna: well the president heading to minnea
with a disability, that they can do that in a tax-free -- i should say a tax-advantaged environment and so they can save over time and do it in a manner that doesn't put them at a disadvantage from a tax standpoint down the road. so sara is a great example of why the able act should pass, and she is doing more than her share to make sure that it does pass, so i'm grateful to sara wolfe for doing that. especially grateful to people like sara who like a lot of us at some point in our lives have to overcome the tragedy. sara lost her mother connie not too long ago to a sudden and rapid illness, but she has been able to -- to deal with that tragedy and still help us day in and day out to get the able act passed. i will highlight one more story and then i will conclude. angie king is a 28-year-old who lives in indianapolis, indiana, and like sara wolfe, she lives with downs syndrome. she has had -- angie has had five different jobs and works five days a week. she works paid positions at kohl's on mondays and at the ymca on fridays. on tuesdays, wednesdays and thursdays, she volunteers for several organi
about tax reform. but today, one republican congressman is trying to change that. correspondent doug mckelway is here with specifics. >> good evening, bret. house ways and means committee chairman has been working to simplify our massive tax code. it's so complex, camp believes it hinders growth. >> i don't think we can afford to wait. i can't settle for an economy that grows at 2%. >> camp unveiled his proposal that includes 228 provisions of the existing tax code. it flattens into two brackets of 10% and 25% for all taxable income. it creates a standard deduction of $11,000 for individuals, $22,000 for married couples. and it ups the child tax credit to $1,500. it also repealed the alternative minimum tax and simplifies the tax of investment income. but in a town that lives and breathes through tax loopholes carved out by special interest, his plan is coming under heavy fire. >> it's a nightmare for accountants and attorneys, once they stop objecting to the provisions, they'll a lot less work to do. >> one such organization said, it's quote, disappointing that he chose to single out p
. >>> there is a new republican plan on the table right now to completely try to overhaul the u.s. tax code. we're going to tell you what it means, what it means for you and your finances. that's coming up next. >>> and later, amid protesters and rite police, it's maybe the last thing you would expect to hear. a piano played by a masked man who says he's playing for pate ittism. [ woman #1 ] why do i cook? because an empty pan is a blank canvas. [ woman #2 ] to share a moment. [ woman #3 ] to travel the world without leaving home. [ male announcer ] whatever the reason. whatever the dish. make it delicious with swanson. why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. stop taking viagra and call your doctor right away if you experience a sudden
look at 501 c 3s. they are allowed to do it. all of these are tax deductibles. here are the unions they are allowed to do it all. this the is present administration trying to stifle the voices. this isn't just about republicans opposed to. this aclu opposed to this and also the syria club. because this is what the new proposal would be. stifle the a 01 c 4s. >> what's the difference between 501 c 4 and 501 c 3. >> this is tax deductible. this is charitable these are syria club. these are your volunteer firefighters. these are the individual groups going through. and you know what? the comment period ends tomorrow it. they have gotten 69,000 comments on on sierra opposed. aclu. he keystone had 700 comments. they never had these comments mostly all opposed. >> what republicans say is it is designed to shut down the tea party groups but it applies equally to liberal groups and conservative and tea party groups, right? >> i don't care who it goes after, it's wrong. it's government trying to shut your voice down. remember what the first amendment says. >> why would the administration wa
as only capitol hill can deliver. a tax code reform plan gets trashed before it even gets officially revealed. oh, washington in the 21st century. good morning from another snowy washington. sorry, we're whining about the weather, but good grief. we're done. groundhog, go ahead. it's wednesday, february 26th, 2014. and another version of the snowy "the daily rundown." the first reads of the morning. we begin in afghanistan. it's the longest war in history and it suddenly may come to an abrupt end, just ten months from now. the white house announced planning for the zero option, withdrawing all troops by year's end. in a phone call with karzai, president obama said the u.s. had no choice due to karzai's failure to sign onto plans that would protect u.s. personnel that would stay in the country post-2014. nbc's jim miklaszewski has just travelled to afghanistan, and he has more from the head of the joint chiefs, general martin dempsey. >> it is a statement that we have reached a point where we have to plan for other options, to include a complete withdrawal by the end of 2014. but it's
. tonko, will pick up the energy piece. but in the president's budget there are these key sectors, tax policy, education, research, infrastructure. let's start at the bottom and work to the top. the president's proposed a $305 billion, four-year transportation program for the united states. anybody that's driven today or east e west coast coast knows we have gridlock, we have transportation problems of all kinds. so the president comes forward with this major initiative, really a significant increase in what we have done in the past. he wants to focus it first on repairing what we already have. the pot holes, the bridges that have fallen down, and others that might. saying, let's get do that. and then he goes about building the more modern transportation systems that we need, expanding our highway program, but also the rail systems, the inner city rail, the intercity rails nd the street cars and other kinds of mass transportation systems. very, very important. and he proposes how we pay for it. he says, we ought not give the oil companies a -- the big four -- a $5 billion annual tax b
early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's onlyne way for your business to go. up. find out if your business can qualify at start-upny.com >>> there's been more airborne radiation detected at a nuclear waste dump in southeastern new mexico, the sa plant near the city of charlarlsbad. officials are insisting these detected levels remain well below of a public or environmental hazard. a group of scientists is now estimating that the radiation from japan's fukushima's plant could reach our west coast. scientists are being careful of what they're saying about the radio activity move iing along h it. >>> not obligated to defend laws that are discriminatory. i'm joined by two fox legal analysts. this is a peculiar thing for an attorneyeneral to say. >> certainly when you have a federal attorney general telling states what to do. that's odd from the beginning. what attorneys g
: up so we're up early. up late. so we'thinking up. gamehanging ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can quify at start-upny.com you are gonna need a wingman. and with my cash back, you are money. forget him. my airline miles will take your game worldwide. what i'm really looking for is -- i got two words for you -- re-wards. ♪ there's got to be better cards than this. [ male announcer ] there's a better way with creditcards.com. compare hundreds of cards from all the major banks to find the one that's right for you. it's simple. search, compare, and apply at creditcards.com. first round's on me. >>> my son. >> don't be afraid. everything is possible with god. >> a clip from the upcoming movie "son of god." it hits theaters this friday. it comes after last year's hugely successful history channel miniseries, the bible, also produced by
: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's ly one way for your business go. up. find out if your busess can qualify at start-upny.com but when we sta worrying about tomorrow, we miss out on what matters today. ♪ at axa, we offer advice a help you break down your retirement goals into small, manageable steps. ecause when you plan for tomorrow, it helps you live for today. can we help you take a small ste for advice, retirement, and life insurance, connect with axa. lou: a powerful winter storm, shutting down washington dc along the eastern seaboard. the snowplows are doing their jobs. nevada had to be a thrill and according to one data company, but daiquiri number almost $6 billion because of the added expense and missed work days. joining us now is the "a-team." fred barnes, both a fox news contributor and let's go to "the washington post." because i think by any standard, at least online. president obama's foreign policy is
's tax system but it's unlikely to advance this year. republican dave camp chairs the house ways and means committee. he called for lowering the top income tax rate from 39.6% to 25%. he'd also impose a ten percent surtax on earned incomes over $450,000 dollars. house speaker john boehner would not say if the party supports the bill, and he refused to discuss the details. >> blah, blah, blah, blah. listen, there's a conversation that needs to begin. this is the beginning of the conversation. the idea of tax reform is to get our economy going again, provide better, more economic growth, more jobs, and higher wages. the way you do that is bring down rates. and to bring down rates you clean out a lot of the garbage that's in there and the special interest issues that are in there. >> ifill: the last major overhaul of the tax code was in 1986. that data breach at target stores before the holiday shopping season took a hefty toll on the company's bottom line. profit dropped 46% in the fourth quarter, and revenue slipped more than 5%. the data breach allowed hackers to steal personal i
," a capitol hill heavyweight tells nancy cordes about his new plan to revolutionize the tax code. >>> plus dr. david agus with the controversy over fertility treatment. does it go too far to stop birth defects? >>> we begin with this morning's "eye-opener," your world in 90 seconds. >> we saw the news that the storm was coming so we went down to the city yard to pick up sandbags. >> the west coast braces for a washout. southern californiaens loading up on supplies ahead two of pacific storms. >> many people worried about mudslides. >> water comes over, it looks like niagra falls. >> dropping temperatures from the midwest to the east, 20 to 30 degrees below normal. >> adding to the cold-weather problems, ice jams. >> you look at it and it's mass destruction. can't stop the ice. >> jan brewer won't say if she'll veto a controversial bill that allows arizona businesses to deny service to gays and lesbians. >> there's a lot of things we can bring into the state, and this just doesn't help at all in any of those. >> general motors links more deaths to a faulty ignition switch,
, there are talks about tax credits, there are talks about reducing the number on medicaid but allowing home to have vouchers so it depends on which alternative you're talking about. >> sure you'll talk much more about this later. jake tapper, many thanks. >> thank you. >>> other top stories we're following at 32 minutes past the hour, in arizona gay rights protesters say they will rally through the night as they call on the governor to veto a bill that is drawing national criticism. some lawmakers who voted for the bill proclaiming it protects religious rights. they are now seeking a veto citing new concerns over discrimination. >>> in the debate, yes, i heard all that but in the debate you hear arguments every day about this one is wrong, that one is wrong, and believed that kind of fit into my position that now when i look back on it, you know, they were right in what they were saying. i have friends in the democrat caucus that were warning me. but, you know, that was only the democratic caucus saying something, no one came to me before hand. >> so you actually believe looking at it now that it
proposed i.r.s. rules, limiting the political activities of certain tax-exempt groups. political leaders said this morning a vote of flood insurance will be put off until next week. it was supposed to be brought up tomorrow under suspension of the rules. live house coverage here on c-span. the speaker: the house will be in order. the prayer will be offered by our chaplain, father conroy. pray. n conroy: let us eternal god, through whom we see what we could be and what we can become, thank you for giving us another day. in these days, our nation is faced with pressing issues, constitutional, religious, and personal rights, and matters of great political importance. we thank you that so many americans have been challenged and risen to the exercise of their responsibilities as citizens to participate in the great debates of these days. grant wisdom, knowledge, and understanding to us all as we -- as well as an extra measure of charity. send your spirit upon the members of this people's house who walk through this valley under public scrutiny. ive them peace and solomonic prudence in their d
in swiss bank accounts and held avoid tax. between 2001 and 2008 a band of credit suisse bankers, they boarded planes and headed en masse to the united states on tourist visas. once in america it was time to woo possible clients. trips to miami, golf tournaments and high society cocktail party was part of the course. it was here that "sports illustrated" magazines were used to hand over bank statements on the sly. page 39, bob, that's according to one client. it all sounds very "wolf on wall street." the report claims the bank opened swiss accounts for more than 22,000 u.s. customers with assets totaling some $12 billion. that is why the u.s. is annoyed. it wants the taxes the swiss banks helped americans to dodge. our correspondent imojen foulkes is following the story from geneva. >> reporter: i think some of the detail is causing raised eyebrows in switzerland. they have a reputation for being rather cautious and careful. this comes like something out of a spy novel or a hollywood movie. the fact is the swiss do know that their big banks, credit suisse and ubs, at that period
that are in the papers this morning. here's the wall street journal. a column by dave camp. the tax code. you can read his proposal there. the congressman is the chairman of the house ways and means committee. the washington times today, hoping for a changed view of keystone xl. paul writes in his piece that -- we will be talking about the keystone. we will be joined by the senator from north dakota to talk about the keystone and other issues. we want to take you to an associated press report. obama health insurance at 4 million is the headline there. we will be talking about the rollout of the healthcare.gov with jonathan alter who wrote a recent piece on foreign affairs in our spotlight. , behind the called aca rollout. here's a piece in the washington times on bill clinton. his message for democrats. picture of him with a kentucky democrat in louisville yesterday. himes.e talking with jim the national finance chairman of the house democrats. we will be talking about the 2014 field coming up in about five minutes or so. have a bit of time left. go to doug in wake forest, north carolina on our line f
the growth of tax-free housing loans are currently cover one hundred percent of housing expenses until they cover an average number of 95% of housing expenses, with a five percent out-of-pocket contribution. why comparison, the average was late 1990's. we will also no longer reimburse for renters insurance. over three years we will reduce by $1 billion the annual nowidies provided, which total $1.4 billion. we are not shutting down commissary's. all commissaries will still get .ree rent and pay no taxes they will be able to continue to provide good deals to service members and retirees. enlistedi am an person, what does that mean for me? at the end of the day? nothing. this is probably the most difficult part of the program going forward. they are talking about trying to redress paying benefits, but a lot of the analysis shows that -- thatgoing to be done this will be nearly impossible. no one in a year like this wants to be seen cutting benefits. secretary hagel is saying that we just need to reign things in, we will not cut pay for anyone. we are just going to reduce subsidies for gr
in the traditional sense of conservative political thought. it's about antigovernment, so we propose corporate tax reform, which we think we need anyway, and take the $150 billion into infrastructure. imagine in your states, you are not governors. you are the state chair. if you picked two infrastructure projects you thought were critical to your state, how many jobs, how many opportunities, how much infusion of capital and optimism occurs when that occurs? i don't want to hear people telling me anymore that we cannot get done now. everything i have ever done that i consider worthwhile from the crime bill to helping get this out of iraq, it took time. if we didn't start where we started, it would have never happened. it would have never occurred. there are so many important things to mention. it will happen. it is inevitable. the only question is how many people get hurt or how many people get left behind the longer it takes to get this done? my central message is i think we should not apologize for a single thing. we should lay out in each of the races in your county, city, state, congressional r
that because you're proposing cuts in benefits, tax breaks, eliminating, slowing down pay raises for some of those on military duty that you are in fact trying to balance the budget on the backs of these people who fought these wars. >> well, first of all, that's just not true. we're not making any recommendations on any retirement changes we're going to wait until the retirement commission was was impaneled if we need to do anything on retirement. this isn't just an arbitrary, unilateral approach to trying to slow the growth just to slow the growth. we've got to look at the long term commitments to our people. half of our budget today in the pentagon goes to pay compensation retirement and medical care. that will increase significantly. we're not cutting, we're proposing slowing growth in certain areas. tax cuts, we're not cutting anybody taxes. we're asking for specific considerations. in areas where we are slowly, eventually reducing the growth of pay increases. there will still be pay increases. other areas, we think these responsible, we don't think it breaks faith with our people. b
taxed in colorado. and it is generating a huge amount of revenue for the state. so, perhaps they think that if they put cash in people's hands they will go buy pot and somehow that revenue will come into the state. that's the only explanation that i can think of. >> the three legislators who voted for it. i wanted to try to get one on the show maybe tomorrow we will do it. but, look, they have all of these excuses that oh, it's got to be convenient. okay, but you can't ban them from alcohol and then try to promote pot. because, remember, the state gets money from alcohol, too. they get tax money. so all of those arguments fall apart. >> remember, they are against cigarette smoking with all these warnings. >> but they want you to smoke pot. >> there is an interesting case that's going to come up, i think in washington state which is also legalized marijuana. they don't have any pot shops opened yet we suspect in the summertime now that it's legal they will start. we will see if they go down the same path where they will allow access to cash from ebts for the use of pot. so far colorado
a decision if we're going to protect tax breaks for the wealthiest americans or if we're going to make smart investments necessary to create jobs and grow our economy and expand opportunities for every american. at a time when our deficits are falling at the fastest rate in 60 years we have to decide if we're going to keep squeezing the middle class or reduce deficits responsibly while taking steps to grow the middle class. >> that was president obama outlining his $4 trillion budget for 2015 setting the stage for another budget fight. it calls for growing are the tax expansion. the president says he's paying for all of this by closing loopholes, one of which is wall street's favorite loophole which allows hedge fund managers to count their investments as income instead of capital gains. many think it faces a long road because of republicans in the house. to walk us through the budget battle, jimmy williams, an opinion writer for u.s. news.com and an msnbc contributor. how are you? >> how are you, hello. >> i want to start with one of the more important things which is that child care tax cr
dave camp, the head of ways and means committee has done this week proposing tax reform to simplify the tax code, reduce rates, reduce the corporate rate from 35 to 25% is really the sort of thing we need to do to energize the participants in the u.s. economy. right now they're sitting on their hands. there is over a trillion, maybe $3 trillion in corporate assets not being deployed. there are $2 trillion in corporate assets parked overseas because they don't want to be taxed. the camp plan would cause most of that to come back to the united states and be deployed here. that is the sort of thing we should be doing. jenna: he announced his plan, if you will in the "wall street journal" yesterday in an article. i believe he will be speaking to neil cavuto later today. it will be interesting to hear from him. what do you think the prospects are? we heard tax reform before. what do you think really are the chances what he does actually turns into some change, real change? >> i think because of president obama's attitude towards taxes, there is very little prospect. you need a president
proposals to reform the irs. feel --p is set to on unveil his for pushover tax reform. what are some of the things that we know already about the proposal that chairman camp will announce question mark -- announce? >> he has been able to reduce income tax for individuals to 25%. we are hearing about a big tax on financial institutions and banks that could raise $60 billion. -- it is a hearing upmor mill appear -- -- u here. you are hearing capital gains tax. surtax.ll be a there are a lot of different proposals coming out of ways and means today and coming out of k street. we have seen analysis from the joint committee on taxation. >> what are you hearing from rank-and-file members in terms of this being an election year. how are they greeting the news of a tax reform package? >> we reported this morning and are night that republicans supported in general and in theory as a republican idea. when it comes to being a few months out of the midterm election, they are not pleased that they have to take a stance on a bill that has a lot of democratic ideals and it. it.n they may take a wha
of that kind of growth. one reason we're not is bigger government, more taxes, more regulation, and more debt. and we're not going to get out of it until we get off that path. so now we have a veterans bill before us. nobody, i don't believe, is more committed to veterans in this body than i've been and so many of my colleagues on both sides of the aisle want to do the right thing for veterans. but it's an audacious thing that we're seeing here today. let's review some of the history. just two months ago, every senate democrat, every senate democrat voted for a bill to cut military pensions for our soldiers. our military retirees and even our disabled veterans. it was in their bill. senate democrats then blocked not once but twice my efforts, other republican efforts to restore those cuts by closing a tax credit loophole for illegal immigrants. i see my colleague and friend, senator sanders, here. i'm going to get to the point, i'll just do it now because i know he's got a busy agenda and i think i know how the script will all play out and if i just had my glasses i might could read this bett
* america, immaterial alshon siegenthaler and we have a lot to cover this half hour, including tax numbers make it official. legalized marijuana is a big money maker for colorado. a big problem for bit coin, one of the virtual currency's largest exchange practically disappears. and 50 years ago the fight that shocked the world. cascassius clay versus sunny his tonight anhistonight and the che after. a warn to go after began stan, the president today order u.s. military toy begin planning to take all of its troops out of afghanistan by the end of the year. it's the latest to the response by hamid ca karzai to sign an agreement. officials say so the boko haram group was behind an attack on a school that left at least 59 people dead. police say the boys and girls ages 11 and 18 were separated by attackers. the girls were told to go home. the boys butchered, boko haram has been declared a terrorist organization by both nigeria and the united states. ukraine's parliament has delayed until thursday the formation of a new government that was supposed to happen today until there is a new governmen
in taxes. carl levin said the bank's actions were right out of a james bond field and helped them hide billions from the irs. currently their investigating credit suisse for offshore. >> is it reads like a spy novel. some of those monies into the bank vaults. >> i don't remember the bond film that was specifically about accounting. >>> irs commissioner john cosco will discuss about funds in the irs being aloe indicated including bonuses to employees. he's maintained that bonuses are needed to retain and attract good employees. the commission will also face questions about the agency's accused targeting of tea party groups. >>> president obama is taking his year of action message on the road today. he'll be in st. paul, minnesota, pitching the economic plan spelled out in his state of the union address. the president has been able to focus on transportation issues at st. paul's union depot. announcing new competition, encouraging investments to create jobs and restore infrastructure. >>> today, house democrats are set to kick off their efforts to raise the minimum wage. the president an
: up so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com [ mawhile a body in motionat resnds to stay in motion.t... staying active can ease arthritis symptoms. but if you have arthritis, this can be difficult. prescription celebrex can help relieve arthritis pain and improve daily physical function so moving is easier. because just one 200mg cebrex a day can provide 24 hour relief for many with arthritis pain. and it's not a narcotic. you and your doctor should balance the benefits with the risks. all prescription nsaids, like celebrex, ibuprofen, naproxen and meloxicam have the same cardiovascular warning. they all may increase the chance of heart attack or stroke, which can lead to death. this chance increases if you have heart disease or risk factors such as high blood
an economic renaissance, right? >> absolutely. if we just do a couple simple things -- we haven't had tax reform since 1986. it was before the internet got invented. we don't have a system that's competitive. immigration, that's a challenge. we need stem workers in this country to free up manufacturing. you have a bipartisan budget proposed. proposed. we put aside the shutdowns and debt ceilings and all that debate came off the table. those are small victories. >> joe ecchevaria. >> you said that differently. >> well, that's how other people say. >> coming up, mayor de blasio under fire. we'll talk to charter school founder eva moskowitz straight ahead. we'll be right back. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. millions have raised their hand for th
believes that government spending should be cut taxes reduced in the conditions for medium size businesses improved according to some studies to pull to the peace multiple posts and thus the news that the wheat with a beak that the national identity of benjamin's more than one hundred thousand gbp it so we have to be a made bed that these two because by the duty of indignation we have to be among sixty per cent nickel alfonso is remembered from congo. several years ago he moved from france but cannot find a job and went to brussels. there he was lucky he is now an employee of the european parliament actual service. yep it's the pizza. it took me much time to find a job i have a family and i need to feed them. governments need to be able to manage the crisis well. this painting won't see the overall income the crisis will intensify. it was a challenge for me new peanut countries including belgium ah we going to be a bit to recall for and accepted that the leaven of golf team mom and two monty percent oh i'll be going to continue full many years seen a that he should stay true to groove mad
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